Account Closed
"Additional Insured" clause in PM contract
17 January 2025 | 7 replies
Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
I was just looking to turbo charge that a bit because as we know property values have gone up and buy and hold in a SDIRA just moves to slow even if you can max your SEP.
Walter Pineda
Your Property Management suggestion for Memphis, TN Please.
24 January 2025 | 12 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
Tannia Castro
New to Rental Property Investing
16 January 2025 | 9 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
Shiloh Lundahl
Sell me on the benefits of Turnkey Properties
5 February 2025 | 29 replies
.- The management company charges a management fee of 10% - 15% which can be a little higher than average property management companies, but that cost may be offset by higher quality of services.- The management company also charges for other services such as fee for coordinating maintenance and repairs, and turnover and releasing.
Andrew Cargal
Don't use The Mortgage Shop
6 February 2025 | 2 replies
You send a complaint to the NMLS or DRE for failing to disclose, or charging an excessive amount of fees and they will suspend the broker's license.
Ethan A.
Seeking advice: tenant violated lease with many cats
20 January 2025 | 7 replies
My general contractor told me to charge her a $400/month pet fee for four months –which would allow me to save up $1,600 to cover damages- and then give her 30 days notice in May when it will be warmer and faster to fill a unit.
Emily Gowen
When to sell vs hold rental properties that have appreciated?
25 January 2025 | 14 replies
(It could be rented for more, maybe $3000/mo, but I'm only comfortable charging so much on principle.
Philip Beckwith
Appealing property taxes
27 January 2025 | 15 replies
Typically they charge a percentage of the amount saved.
Jeanette Land
Help with adding to my profile
13 January 2025 | 14 replies
We are currently charging $1300/unit/month and expecting to be charging the same this coming year.